Imation's CEO has been provisionally voted off the company's board, as shareholders supported the activist investor Clinton Group in its view of Imation's alleged leadership failures.
This AGM proxy vote result still has to be certified, but that looks a formality.
The Clinton Group said Imation's long revenue decline and …

Imation CEO Mark Lucas has bowed to the inevitable after losing an activist investor proxy war, and is set to exit the company he failed to turnaround.
Lucas became Imation chief in 2009 after predecessor Frank Russomanno outstayed his welcome and drove the company into a loss-making cul de sac through over reliance on tape …

Twitter CEO Dick Costolo will leave the San Francisco-headquartered social network within days. Shares in Twitter soared nearly eight per cent on the news.
The microblogging site said in a SEC filing, published in the past few minutes, that Costolo will leave as chief exec on July 1 and be replaced by Twitter cofounder Jack …

Longtime NetApp executive Tom Georgens has parted ways with the storage outfit, vacating his dual roles as the firm's chairman and chief executive, effective immediately.
Stepping up to the CEO chair – at least temporarily – is George Kurian, who most recently had served as the firm's executive veep of product operations. …

Alternative Networks will wave goodbye to long-serving CEO Ed Spurrier at the end of this fiscal year in September, with current chief operations man Mark Quartermaine waiting in the wings for the top job.
The LSE-listed comms and tech outfit confirmed the succession plans today as it outlined half-year numbers for fiscal 2015, …

Symantec is being pressed to sell its Veritas storage unit to private equity instead of floating it as an independent publicly-owned business, according to reports over the weekend.
Symantec intends to split itself into separate security and storage businesses as a way of re-igniting growth for both.
CEO Michael Brown will run …

Nissan's CEO has said the company is on track to deliver its driverless cars by 2020, although he expects government regulation to be a stumbling block to their usage on public roads.
Whether driverless car technology will achieve any sort of road-worthy licensing from different regulators around the world is still a cause for …

Nutanix CEO Dheeraj Pandey has nixed rumours of Cisco buying his co-founded hyper-converged server/storage/networking startup.
The rumours were started by senior research analyst Jared Rinderer of Equity Capital Research Group. Pandey says Rinderer's analysis is off the mark.
Pandey, who has consistently said he wants to take …

Nokia's chief exec says he wants to resurrect the Nokia smartmobe brand by licensing the name to cellphone hardware makers next year.
CEO Rajeev Suri told Germany's Manager Magazin that Nokia Networks will seek out manufacturers to build Nokia phones from mid-2016, when Microsoft gives up control of the brand name.
"We are …

Toshiba CEO Hisao Tanaka and seven other bigwigs have quit after a probe concluded profit figures had been inflated beyond their real values.
The Japanese electronics giant said in a brief statement [PDF] today that $1.2bn (£770m, 151.8bn yen) was incorrectly added to Toshiba's income-before-tax figures in the 2008 to 2014 …

Exclusive
MariaDB is going after Oracle in its own back yard with plans for a fresh CEO drawn locally in order to tap funding from A-lister venture capitalists.
Patrik Sallner is stepping down as MariaDB Corp’s chief executive for a new job, with the firm’s management now interviewing replacements, The Reg has learned. There are a …

Another bunch of old timers are being swept out of Cisco by incoming CEO Chuck Robbins as he names his new look exec team - which isn’t really that new at all.
The current veep of worldwide sales is saying bye to chief globalisation officer Wim Elfrink, chief strategy and tech officer Padmasree Warrior, and Edzard Overbeek, the …

Ellen Pao has resigned as CEO of Reddit following a week of turmoil and controversy over her recent management decisions.
"We are thankful for Ellen's many contributions to reddit and the technology industry generally. She brought focus to chaos, recruited a world-class team of executives, and drove growth," wrote reddit board …

Logicalis has quietly slipped president and chief of operations Mark Rogers into the CEO chair in the hope that he’ll work out better than his predecessor.
The long serving exec has actually been acting top dog since spring ’14 but the integrator only confirmed late last week that he’ll be officially sworn in as chief exec from …

Disaster-Recovery-as-a-Service (DRaaS) start-up Quorum has appointed John Newsom as its fifth CEO – the fifth in the eight years since it was founded. He is a guitarist in a rock tribute band in his spare time, so lets hope his lead as CEO is as good as his rock soloing.
Quorum has one-click disaster recovery and hybrid cloud …

The troubled celebrity-backed music-streaming website Tidal has lost another CEO: Norwegian Peter Tonstad has quit after just three months in the job.
Tonstad had replaced his former boss Andy Chen in April. One month before that, Tidal's parent company, Aspiro, was bought by a consortium of musicians fronted by rapper Jay Z for …

Salesforce.com's chief executive has been handed a massive $39.9m (£25.7m) pay packet, despite objections from a number of major shareholders related to its modest record of profitability.
Shareholders narrowly approved the package for Benioff and the six other directors, totalling $81.6m (£53m) in 2015.
Dutch pension company …

AMD has confirmed it is slipping back into cost-cutting mode after its annus horribilis, caused by tanking demand for consumer PCs in a quarter described by CEO Lisa Su as the “revenue trough” for 2015.
As the headline figures revealed last night, there was little to cheer up AMD or investors; revenue dropped eight per cent …

Barracuda’s CEO, “BJ” Jenkins, has joined hybrid disk array leader Nimble Storage’s board. Doesn’t the day job fill his time?
He’s also Barracuda’s president, as if he’s not busy enough. A canned quote from him on his move said: "It's an exciting time to be in the storage business as innovation thrives and new industry leaders …

A revolt by shareholders at Microsoft's annual general meeting over CEO Satya Nadella wages failed to materialize today – and his executive pay package was approved.
Company advisory firm Institutional Shareholder Services said it had significant concerns over the size of Nadella's package, which it estimated was worth over $90m …

Sprint CEO Marcelo Claure has had enough of T-Mobile US chief John Legere, and he's told the world about it.
The Sprint boss took to Twitter last night and fired off a testy rant calling T-Mobile US "bullshit" and accusing the telco of being "cheap" and "misleading" its customers.
The rant came after Legere posted a tweet …

Fearing the worst – that they might get booted off the board in a proxy vote war – Imation's CEO and board have written a second letter to shareholders, appealing for their support in a vote at the company's AGM on May 20.
They criticised the Clinton Group and its ideas strongly, declaring:
Clinton is seeking to remove three of …

+Comment
After just four months as Atlantis Technology CEO and president, Jason Donahue has left, and has been replaced by founder and now ex-chief technology officer Chetan Venkatesh.
The company's management page now has Venkatesh listed as chief.
Atlantis has RAM-using server and VDI virtualisation software technology products called …

The CEO of Australia's dominant telco, Telstra, will step down in May.
David Thodey's spent six years in the carrier's big chair, but has "announced his retirement" according to Telstra's canned statement on the matter.
That statement also points out that Telstra's market cap and share price have just about doubled during …

Dating app maker Tinder has named its new CEO nearly five months after previous boss Sean Rad revealed to Forbes he had been fired.
eBay exec Chris Payne will be chief exec at Tinder, which is based in West Hollywood, California. Rad will retain his 10 per cent stake in the company, and his president title, but day-to-day …

When former Juniper CEO Shaygan Kheradpir departed the company in November 2014, the company cited customer negotiations as the reason.
Ostensibly voluntary, Kheradpir's departure looked from the outside as if he was pushed rather than jumping. Juniper's statement merely said the board and Kheradpir had “different perspectives” …

Systemax EMEA chief exec Pim Dale, the man who once dreamed of fashioning the biggest tech reseller in the region, is out following a run of negative results that were criticised by his bosses.
The NYSE-listed outfit, which trades as Misco in Europe, told staff in the UK offices yesterday about his departure, and that outgoing …

+Comment
Virtual server backup and Disaster Recovery as a Service (DRaaS) startup Unitrends has lost one CEO and hired a new one.
Mike Coney, CEO since November 2009, has been thanked for his valued service and Unitrends wishes him well in his next endeavour.
Coney now describes himself as a CEO consultant.
This CEO change follows on …

Citrix chief exec Mark Templeton has said he will retire, as activist investor Elliott Management takes a larger role in the company.
Templeton joined Citrix in 1995 and has served as its CEO since 2001. But hedge fund Elliott has been among the most vocal in calling for change following what it describes as years of …

After a six-month search, Symantec has finally named its new permanent CEO – and it's none other than Michael Brown, the man the company's board named as interim CEO in March.
Brown reportedly emerged as the front-runner during a review of more than 100 potential candidates, 30 of whom were "actively vetted" for the chief exec …

The merger seems to be working out for Dixons Carphone — both sales and profits are up, according to a trading update for Q4 and fiscal 2015.
The company said like-for-like group revenue for the 17 weeks ended 2 May was up six per cent; rising 13 per cent in the UK and Ireland; up one per cent in the Nordics; up eight per cent …

ICANN CEO Fadi Chehade has surprised the internet community by announcing he will step down from the job after just three years in the post.
In an announcement on the domain name overlord's website, the organization said that Chehade has "informed the Board he will be concluding his tenure in March 2016 to move into a new career …

Outgoing Cisco boss John Chambers is smiling after delivering an April quarter that's 5.1 per cent up over the April 2014 quarter in turnover and 11.7 per cent up in profit.
The result would have been even better, but for ongoing weakness in the service provider market (down 7 per cent). The enterprise, public sector and …

Disney CEO Bob Iger would be helping to guide Google these days, were it not for one Steven P. Jobs.
The mouseketeer-in-chief said Apple cofounder Steve Jobs convinced him not to take a spot on Google's board a few years ago, citing the ongoing conflict between Apple and the Chocolate Factory.
In the new biography Becoming …

The chief of Coms Plc appeared to be close to the exit following his public spat with the rest of the board last week. Sure enough, the company today confirmed he’s stepped down.
David Breith, CEO at the London-listed buy and build B2B comms outfit, called a general meeting to replace his board last Wednesday. Later on during …

Obituary
Former IBM CEO John Akers has died in Boston aged 79.
Big Blue announced Akers' passing here, due to a stroke according to Bloomberg.
After a stint as a US Navy pilot, the IBM obit states, Akers joined the company in 1960. His 33-year stint with IBM culminated in his appointment as its sixth CEO in 1985, following three years …

The latest insult to women working in tech came courtesy of chipmaker AMD, whose new CEO Lisa Su will take home a smaller base salary than Rory Read, the man she recently replaced.
Su rocked up at AMD early 2012 as senior veep and GM for global business units and was made chief operating officer in January, raking in some $650, …

Apple bossman Tim Cook has come out as gay and has vowed to spend the rest of his life helping to "pave the sunlit path" towards equality and justice.
Up until now, Cook's sexuality wasn't so much a secret as an unmentioned truth. He has frequently joined Pride marches and spoken openly about the mistreatment faced by gay people …

App hosting and co-lo slinger Attenda was expected to be put up for sale by owner Darwin Private Equity later this year, but postponed the process, and it’s latest financials perhaps explain why.
The venture capitalist backed an MBO of Staines-based Attenda in 2011 for £50m and multiple sources told us in May that it had eyed up …

HP CEO and president Meg Whitman has consolidated power at the top of the corporation by taking on the role of chairman as well.
The manoeuvring comes days after HP confirmed that Ralph Whitworth is to step down due to health concerns, the exact nature of which were not revealed.
Whitman joined HP's board at the start of 2011 …

Sprint is set to give up its attempt to acquire T-Mobile US and plans to replace its own CEO, or so it is claimed.
The Wall Street Journal cited unnamed sources in reporting that fears monopoly watchdogs would nix the merger led US carrier Sprint to abandon its pursuit of T-Mob US. The deal was rumored to be worth as much as US$ …

The CEO of message-board website Reddit has been in the job for a few days, and he's already causing some redditors to choke on their cheetos.
In a posting on the site announcements page, Steve Huffman – cofounder of the website and new chief exec following the departure of the hugely unpopular Ellen Pao – said he will crack …

Comment
Atlantis CEO Jason Donahue stepped down for personal reasons with no business-related issues at all, says the firm, which adds that it has set up a partnership with Citrix using its virty storage booster software USX.
Chetan Venkatesh, Atlantis’ founder and new CEO after Jason Donahue left just four months post-appointment, said …

Apple countered soaring iPhone and Mac sales with yet another doleful quarter for the iPad in its second quarter of fiscal year 2015.
The Cupertino giant logged Q2 revenues of US$58bn (£38bn, AU$73.9bn), up 27 per cent over US$45.6bn in the same period last year. Earnings per share (non-GAAP diluted) of US$2.33 beat analyst …

Apple boss Tim Cook has met top Chinese officials following a major attack on the security of the iCloud website – an assault that some security analysts have blamed on Beijing.
Cook was snapped in full demon headmaster mode heading into a pow-wow with Vice Premier Ma Kai.
According to the Xinhua news agency, the issues of " …

All-flash array startup SolidFire has recruited Nancy Hurley as product marketing veep, giving it a triumvirate of marketing execs, as competition with the industry's big boys looks set to intensify.
Hurley was former CEO at Bocada, a data protection level reporting company, which she left in June 2013, after she and the board …

AMD president and CEO Rory Read has stepped down, effective immediately, to be succeeded by fellow AMD exec Lisa Su.
Read, who has served as AMD's chief exec since August 2011, will stay on with the company in an advisory role, but only through the end of 2014.
"I am grateful to have had the opportunity to lead such a talented …

NBN Co CEO Bill Morrow has told a TasICT gathering that the original National Broadband Network (NBN) rollout plan, which prioritised regional areas to receive fibre first, was a mistake.
Speaking to the IT industry group TasICT on Monday evening, Morrow added that the rollout schedules announced by the previous government had …

A senior level dust-up has erupted at Coms Plc with CEO David Breith trying to stage a boardroom coup, amid widening losses and a spat over Coms shares that he quietly bought.
The acquisitive London-based comms biz, which swallowed certain assets from Redstone and telephony player Actimax, confirmed the chaos in a stock market …

Oracle has, in the past few minutes, announced that company founder Larry Ellison has stepped down as chief executive, effective immediately.
Outspoken Ellison will remain with the company in the capacity of chief technology officer, and he will continue to oversee all software and hardware engineering functions, Oracle said in …